Samsung inaugurates new plant in its Hungarian factory
Samsung Hungary Zrt. is opening a new plant by an investment of $25 million in Jászfényszaru. This expansion is a cornerstone in Samsung’s Hungarian history of 25 years and would create 75 new jobs in the country.
The factory of Jászfényszaru has been expanding since the establishment in 1989. The production started in 1990 and the plant started exporting products three years later. The past 25 years has seen the production of over 62 million devices, like televisions and projectors, in the plant.
The factory is expecting to raise the production efficiency with the expansion. The new section is mainly producing televisions, led screens and plasma devices for exporting and distributing them in the countries of the European Union.
Samsung is employing approximately 3,000 people in Hungary with 2,500 working in Jászfényszaru.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.